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Industrial Gases Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70494
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The industrial gases market has the potential to grow by USD 28.22 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.77%.

This industrial gases market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (manufacturing, chemical processing, metal fabrication, energy, and other end-users), type (hydrogen, oxygen, nitrogen, carbon dioxide, and other gases), and geography (APAC, North America, Europe, South America, and MEA). The industrial gases market report also offers information on several market vendors, including Air Liquide SA, Air Products and Chemicals Inc., Air Water Inc., BASF SE, Daesung Industrial Co. Ltd., Iwatani Corp., Linde plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp. among others.

What will the Industrial Gases Market Size be in 2021?

Industrial-Gases-Market-Market-Size-2020-2025

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Industrial Gases Market: Key Drivers and Trends

The development of packaging technologies is notably driving the industrial gases market growth, although factors such as criticalities in gas distribution and gas handling systems may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the industrial gases industry get your FREE report sample now.

  • The rising demand for ready-to-eat (RTE) and packaged food has resulted in the increasing demand for packaging technologies.
  • Packaging technologies require the use of food grade industrial gases such as nitrogen, oxygen, and carbon dioxide.
  • Liquid nitrogen is used in cryogenic freezing of food items such as meat, poultry, dairy, bakery, cooked foods, pasta, and groceries.
  • Rapid surface chilling technology also uses cryogenically cooled liquid nitrogen to preserve meat and reduce the impact of Campylobacter bacteria.
  • The development of packaging technologies such as rapid surface chilling technology will boost the demand for industrial gases for food and beverage processing, packaging, and preservation applications.
  • Industrial gases are highly flammable, explosive, and hazardous in nature.
  • Industrial gases are transported through pipelines for small distances or in specialized cylinders for long distance transportation.
  • The cylinders are made from high-strength steel and filled with an absorbent material to avoid leakages, withstand high pressure, and ensure maximum safety.
  • Packaging innovations has also enabled the development of cylinders with composite materials made from plastic or aluminum. 
  • The cylinders are lightweight and help in energy savings without compromising on safety.
  • The innovations in storage design and packaging are identified as one of the critical industrial gases market trends influencing the growth of the market.

This industrial gases market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Industrial Gases Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Air Liquide SA
  • Air Products and Chemicals Inc.
  • Air Water Inc.
  • BASF SE
  • Daesung Industrial Co. Ltd.
  • Iwatani Corp.
  • Linde plc
  • Messer Group GmbH
  • SOL Spa
  • Taiyo Nippon Sanso Corp.

 

The industrial gases market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the industrial gases market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Gases Market?

Industrial-Gases-Market-Market-Share-by-Region-2020-2025

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39% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial gases in APAC. Market growth in this region will be slower than the growth of the market in South America and MEA.

Rising industrialization and the growing demand for industrial gases from end-user industries such as metals and metal fabrication, chemical and petrochemical, and food and beverage industries will facilitate the industrial gases market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Industrial Gases Market?

Industrial-Gases-Market-Market-Share-by-End-2020-2025

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The factors driving the military shipbuilding include rising global tensions, territorial expansionism, and increasing piracy activities. The growing demand for industrial gases in shipbuilding is expected to drive the growth of the global industrial gases market in the manufacturing sector.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial gases market size.

 

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What are the Key Factors Covered in this Industrial Gases Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial gases market growth during the next five years
  • Precise estimation of the industrial gases market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial gases industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial gases market vendors

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Industrial Gases Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 28.22 billion

Market structure

Concentrated

YoY growth (%)

5.30

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 39%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Air Water Inc., BASF SE, Daesung Industrial Co. Ltd., Iwatani Corp., Linde plc, Messer Group GmbH, SOL Spa, and Taiyo Nippon Sanso Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Manufacturing - Market size and forecast 2020-2025
    • Chemical processing - Market size and forecast 2020-2025
    • Metal fabrication - Market size and forecast 2020-2025
    • Energy - Market size and forecast 2020-2025
    • Medical and healthcare - Market size and forecast 2020-2025
    • Food and beverage - Market size and forecast 2020-2025
    • Electronics - Market size and forecast 2020-2025
    • Other - Market size and forecast 2020-2025
    • Market opportunity by End user

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Hydrogen - Market size and forecast 2020-2025
    • Oxygen - Market size and forecast 2020-2025
    • Nitrogen - Market size and forecast 2020-2025
    • Carbon dioxide - Market size and forecast 2020-2025
    • Acetylene - Market size and forecast 2020-2025
    • Helium - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption
      • Industry risks

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Air Liquide SA
      • Air Products and Chemicals Inc.
      • Air Water Inc.
      • BASF SE
      • Daesung Industrial Co. Ltd.
      • Iwatani Corp.
      • Linde plc
      • Messer Group GmbH
      • SOL Spa
      • Taiyo Nippon Sanso Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Industrial Gases market growth will increase by $28228.98 million during 2020-2025.
      The industrial gases market is expected to grow at a CAGR of 5.77% during 2020-2025.
      Technavio has segmented the industrial gases market by end user (Manufacturing, Chemical processing, Metal fabrication, Energy, and Other end-users) ,type (Hydrogen, Oxygen, Nitrogen, Carbon dioxide, and Other gases) , and geographic (APAC, North America, Europe, South America, and MEA).
      Air Liquide SA, Air Products and Chemicals Inc., Air Water Inc., BASF SE, Daesung Industrial Co. Ltd., Iwatani Corp., Linde plc, Messer Group GmbH, SOL Spa, Taiyo Nippon Sanso Corp. are a few of the key vendors in the industrial gases market.
      APAC will register the highest growth rate of 39.18% among the other regions. Therefore, the industrial gases market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial gases market growth are:
      • Increasing requirement for oil and gas extraction and refining
      The industrial gases market vendors should focus on grabbing business opportunities from the manufacturing segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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